Sunday, February 9, 2020

Long Beach Island Real Estate Rental Investments

Long Beach Island Real Estate Rental Investments



Long Beach Island Real Estate Rental Investments

I am often asked by those looking to invest in the LBI real estate market if a summer rental property is profitable. While there is not a one size fits all answer to this question, under the right conditions, they can be very profitable in a variety of ways. When looking to invest in the LBI real estate market, a buyer should consider the investment in two ways: rental income and market appreciation. Before we go any further, I must say that all investments should be discussed with a financial planner, accountant, etc. to see what makes the most sense for you. When looking to buy a rental property in the LBI real estate market, there are a few variables that buyers should review:
  • Fundamentals of the market (locationlot size, etc.)
  • Can the property be rebuilt
  • What does the current rent potential offer and how can it be improved




Friday, February 7, 2020

Selling Long Beach Island Real Estate Online

Selling Long Beach Island Real Estate Online



Selling Long Beach Island Real Estate Online

When the time comes to sell your home on Long Beach Island, you want to make sure you get the most money possible. While there are constants in real estate that will probably never change, selling a home in the digital age requires an understanding of technology and how best to present a home online. The vast majority of home buyers begin their search online. Therefore, your home must stand out and draw a buyer’s attention. I mentioned a few constants in real estate, for example setting the right price, and it is essential to note that ignoring these points will ultimately hurt you in the sale of a home no matter how much technology is applied to the transaction. So, what matters in the digital age?
  • Eye-catching photos
  • Online videos
  • Social media



Monday, February 3, 2020

Long Beach Island Real Estate Rental Investment

Long Beach Island Real Estate Rental Investment



Long Beach Island Real Estate Rental Investment Property

When looking to own and manage a rental investment property in the LBI real estate marketbuyers have a host of management options available that can make the process far more manageable. While the tried and true real estate agencies can and do still have an enduring place in the market, there are ways to use the internet to not only manage the rental but also increase the bookings and profitably of the investment. Some of the best technologies on the market currently are:
  • Large national websites like vrbo.com and airbnb.com
  • Local management websites like vrlbi.com
  • Full-service rental platforms such as Evolve



Tuesday, January 28, 2020

LBI Real Estate Single Family Bayside Home Sales in 2019

LBI Real Estate Single Family Bayside Home Sales in 2019





Long Beach Island Real Estate Single Family Home Sales 2019

Stability was the key word for the Long Beach Island NJ real estate market in 2019. While the average price of a single family home and condo increased slightly and there were a few more closed transactions in 2019 compared to 2018, stability is the best term for the LBI market in 2019. Perhaps in no other segment of the LBI real estate market is this more evident than in the bayside market. 2019 and 2018 saw the exact same number of closed single family homes in both years! The bayside was also the most active area of Long Beach Island in both years. Sales in 2019 were as follows:
  • There were 223 sold single family homes on the oceanside in 2019
  • The average price of a home was $767,254
  • While the same number of homes sold in 2018 and 2019, the average price of a home was lower in 2019.




By : Nathan Colmer |LBI Real Estate Agent | The Van Dyk Group
Cell: 609-290-4293 | Office: 800-222-0131 | ncolmer@vandykgroup.com
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Monday, January 27, 2020

Long Beach Island Real Estate Mortgage Payment Breakdown

Long Beach Island Real Estate Mortgage Payment Breakdown




Buying Long Beach Island Real Estate

For most buyers in the Long Beach Island real estate market, a mortgage is a necessary part of the transaction. While cash deals are prevalent, may buyers elect to obtain a mortgage even if it is not needed thanks to lower interest rates and the potential for stronger returns in other investments. Therefore, understanding LBI Real Estate Monthly Mortgage Payments is an essential step to buying a home in the LBI real estate market and one that can have long term implications on the cost of owning a home. A mortgage payment typically is comprised of the following items, and we will go into how these can impact a home purchase:
  • Principle payment
  • Interest payment
  • Property taxes
  • Homeowners Insurance
  • Flood insurance






Wednesday, January 22, 2020

Oceanside Single Family Home Sales in the Long Beach Island Real Estate Market

Oceanside Single Family Home Sales in the Long Beach Island Real Estate Market




Long Beach Island Real Estate Single Family Home Sales 2019

The Long Beach Island real estate market had good activity overall in 2019. As usual, single family home sales dominated the market as a whole. The average price of a home was a little higher in 2019 as compared to 2017 (the year with the most transactions) and 2018. While the general market saw a lot of activity, that increase was not spread evenly amongst all locations. There were some areas that saw drops in the numbers of home sold and others, like the oceanblock, that saw a large increase. Today we are going to look at single family oceanside transactions to see how that facet of the market fared in 2019.
  • There were 100 sold single family homes on the oceanside in 2019
  • The average price of a home was $938,148
  • The number of homes sold and the average price were both lower in 2019 when compared to 2018



Tuesday, January 21, 2020

Oceanblock Single Family Home Sales in the Long Beach Island Real Estate Market

Oceanblock Single Family Home Sales in the Long Beach Island Real Estate Market




Long Beach Island Real Estate Single Family Home Sales 2019

The Long Beach Island real estate market had a strong year in 2019. The average price of a home was slightly higher than 2018 and there were more transactions in 2019 than 2018. That said, not all areas of the LBI real estate market performed the same and different property locations saw rather significant differences between 2018 and 2019. For example, oceanfront homes saw a much higher average transaction price but far fewer transactions between the two years. So, how did the oceanblock real estate market perform in 2019?
  • There were 119 sold single family homes on the oceanblock in 209
  • The average price of a home was $1,230,591
  • This represents the most transactions and the highest price over the last 5 year period.